David Saks

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Education & Training - (retired) - TN LIC# 290452
David Saks is a musician, retired real estate broker, and long-time ActiveRain member. David's blog features important information relevant to the safety, integrity and security of the industry. In addition to his widely read real estate fraud blog, a comprehensive overview of real estate continuing education is a weekly addition for his subscribers and the ActiveRain community at-large. Thank you for subscribing to and for visiting David's ActiveRain home on the internet. Please join. Membership in ActiveRain will enrich your life !

ARCHIVED BLOG POSTS

2012 

                                                             #1964 Property flipping will involve the charging of processing fees that are not necessary for the services provided by the lender. Is this true or false ? Please take your time. The solution is posted below the wildlife photo. A. Fals...
12/17/2012
                                                                                 #1963 Fee Packing is a predatory lending practice which imposes the practice of charging points and fees for processing a loan that are out of the ordinary and higher than normally charged. These are fees that have n...
12/16/2012
                                                  #1962 An unsecured loan for 50 thousand dollars would be covered by the Truth In Lending Act. Is this fact true or false ? Please take your time. The solution is below the wildlife photo. A. False The Truth In Lending Act excludes consumer loans n...
12/16/2012
                                                  #1961 Another purpose of the Home Mortgage Disclosure Act is to insure that a person, whose income is derived from public assistance, is not discriminated against. Is this fact true or false ? Please take your time. The solution is posted below th...
12/16/2012
All Defendants Sentenced in More Than $20 Million Mortgage Fraud Scheme Led by Former Dallas Cowboy Eugene Lockhart U.S. Attorney’s Office December 14, 2012 Northern District of Texas (214) 659-8600   DALLAS—Eugene Lockhart, Jr. was sentenced this week by U.S. District Judge Jorge A. Solis to 54...
12/14/2012
Former Mexican Hotel Operator Pleads Guilty in First Stage of Resolving $500 Million Scheme to Defraud Thousands of U.S. Investors in Sales of Promissory Notes and Timeshare Leases U.S. Attorney’s Office December 13, 2012 Northern District of Illinois (312) 353-5300   CHICAGO—Partially resolving...
12/14/2012
Che Brown Pleads Guilty to Bank Fraud, Admits Using False Documents to Modify His Mortgage U.S. Attorney’s Office December 13, 2012 District of Columbia (202) 514-7566   WASHINGTON—Che M. Brown, 44, of Washington, D.C., pled guilty today to a federal charge of bank fraud stemming from a scheme i...
12/13/2012
A Housing and Economic Empowerment Collaborative Home for the Holidays     The Memphis Alumnae Chapter of Delta Sigma Theta Sorority, Inc, State Rep G. A. Hardaway and Shelby County Trustee David Lenoir present Home for the Holidays-A Housing and Economic Empowerment Collaborative.   This event i...
12/13/2012
HUD AWARDS NEARLY $109 MILLION TO FOUR COMMUNITIES TO REVITALIZE HOUSING, SURROUNDING NEIGHBORHOODS Funding to Cincinnati, San Antonio, Seattle & Tampa spurs nearly $500 million in economic, community investment   WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan annou...
12/13/2012
Former Owner of Commercial Mortgage and Finance Company Charged with Fraud U.S. Attorney’s Office December 11, 2012 Northern District of Illinois (312) 353-5300   ROCKFORD—The former owner, CEO and president of Commercial Mortgage and Finance Co. in Rockford, was indicted today by a federal gran...
12/12/2012
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David Saks

May God Bless You, Always. David
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